Title
Resolution Authorizing American Benefit Administrators as the Administrator of the City's Flexible Spending Account (FSA) for City employees Effective January 1, 2025
Summary
Description of Topic: (who, what, where, when, why and how much)
Resolution authorizing American Benefit Administrators (ABA)as the administrator of the City's Flexible Spending Account (FSA) for City employees effective January 1, 2025
Budgetary Impact:
Non-Capital Item:
__X_ Budgeted under account #100-1013-6106 Accounting/Contract Services (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
____ Not budgeted requiring increase to account #___________ in the amount of $____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
____ Budgeted under account #______________ for $_________ and described in budget as ________________________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #____________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
_____ Yes, described as __________________________, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________.
_____ Yes, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
_____ No, requesting an increase of $__________ to an already approved project titled _______________________ that is being tracked under Account No. _________________.
Body
WHEREAS, Human Resources desires to use American Benefit Administrators (ABA) as the administrator of the City's Flexible Spending Account (FSA) for City employees effective January 1, 2025, and
WHEREAS, ABA provides a savings in administrative fees over our current provider's administrative costs.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes American Benefit Administrators as the administrator of the City's Flexible Spending Account (FSA) for City employees effective January 1, 2025 as shown on the attached proposal which becomes a part of this resolution upon adoption.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.